Form 4: Gogo Inc. President and COO Sergio A. Aguirre Reports Stock Transactions
SEC Form 4 Filing
Sergio A. Aguirre, President and COO of Gogo Inc., reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On March 29, 2024, Sergio A. Aguirre, President and COO of Gogo Inc., executed transactions involving the company's stock.
- 18,323 restricted stock units vested and were converted into common stock.
- Aguirre disposed of 8,016 shares of common stock at a price of $8.78 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Aguirre directly owns 132,086 shares of Gogo Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding shares of Gogo Inc.
Key Dates
| Date | Description |
|---|---|
| 03/29/2021 | Date the reporting person was granted 73,292 restricted stock units, vesting in four equal annual installments. |
| 03/29/2024 | Date of the reported transactions: vesting of restricted stock units and disposition of shares for tax obligations. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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